Mary-Jo Case Acquires 5,000 Shares of Whitecap Resources Inc. (TSE:WCP) Stock

Whitecap Resources Inc. (TSE:WCP) Director Mary-Jo Case acquired 5,000 shares of the firm’s stock in a transaction on Monday, October 28th. The shares were acquired at an average price of C$10.44 per share, with a total value of C$52,200.00.

Whitecap Resources Stock Performance

WCP opened at C$10.45 on Wednesday. The stock has a market capitalization of C$6.26 billion, a PE ratio of 8.36, a P/E/G ratio of -0.33 and a beta of 2.67. The firm’s fifty day moving average price is C$10.36 and its 200 day moving average price is C$10.28. The company has a debt-to-equity ratio of 23.55, a current ratio of 0.94 and a quick ratio of 0.67. Whitecap Resources Inc. has a 12-month low of C$8.15 and a 12-month high of C$11.31.

Whitecap Resources Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be issued a $0.0608 dividend. The ex-dividend date is Thursday, October 31st. This represents a $0.73 annualized dividend and a yield of 6.98%. Whitecap Resources’s dividend payout ratio is presently 58.40%.

Analyst Ratings Changes

WCP has been the subject of several research reports. Jefferies Financial Group decreased their price objective on shares of Whitecap Resources from C$12.00 to C$11.00 and set a “buy” rating for the company in a research note on Monday, September 16th. Royal Bank of Canada upgraded shares of Whitecap Resources to a “moderate buy” rating in a research note on Friday, July 26th. Canaccord Genuity Group decreased their price objective on shares of Whitecap Resources from C$14.50 to C$14.00 in a research note on Tuesday, October 22nd. ATB Capital decreased their price objective on shares of Whitecap Resources from C$15.00 to C$14.50 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Finally, Desjardins boosted their target price on shares of Whitecap Resources from C$12.75 to C$13.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$13.61.

About Whitecap Resources

Whitecap Resources Inc, an oil and gas company, focuses on the acquisition, development, and production of oil and gas assets in Western Canada. The company's primary areas of focus of its development programs are in Northern Alberta and British Columbia, Central Alberta, and Saskatchewan. The company was founded in 2009 and is headquartered in Calgary, Canada.